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Vasquez et al. v. Hong Kong and Shanghai Banking Corporation, Ltd. et al.

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Case Number:

1:18-cv-01876

Court:

New York Southern

Nature of Suit:

Racketeer/Corrupt Organization

Multi Party Litigation:

Class Action

Judge:

Paul A. Engelmayer

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Companies

Government Agencies

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  1. August 10, 2020

    HSBC Hong Kong Beats Ponzi Scheme Suit

    A New York federal judge held Monday that a group of California investors who alleged that HSBC Hong Kong aided a $37 million Ponzi scheme lacked jurisdiction to sue the bank and tossed the suit without prejudice.

  2. November 12, 2019

    HSBC Hong Kong Seeks Exit From 'Retread' Of Ponzi Suit

    HSBC's Hong Kong affiliate has asked a New York federal judge to dismiss claims that it aided a $37 million Ponzi scheme, saying the action was merely a "forum-shopping retread" of a case investors already lost in California.

  3. July 19, 2019

    Judge Won't Let HSBC Hong Kong Kill Discovery In Ponzi Suit

    A New York federal judge on Friday said he would not reconsider his decision to order jurisdictional discovery for claims that HSBC's Hong Kong affiliate aided a Ponzi scheme that pulled $37 million from investors' pockets.

  4. May 30, 2019

    HSBC Bank USA Ducks Suit Over $37M Ponzi Scheme

    A New York federal judge freed HSBC Bank USA from another proposed class action accusing it of assisting in a multilevel marketing scheme that allegedly raised more than $37 million from investors, but he said he would need more information to determine whether the bank's Hong Kong affiliate should also be booted from the case.